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High Performance Composites (US Market & Forecast)

US demand to grow 15% annually through 2016

US demand for high performance composites -- polymer materials containing advanced fiber reinforcements -- is forecast to grow 15 percent per year to $10.3 billion in 2016. Advances will represent a considerable improvement over the pedestrian growth of the 2006- 2011 period, during which time composite demand was hampered by a weak aerospace market and declines in military applications. Going forward, high performance composite demand will be aided by strong growth in the commercial airliner market, as well as emerging opportunities in applications such as wind turbines and pressure vessels. However, the high cost and labor-intensive production of advanced composites compared to competitive materials will prevent these materials from penetrating more highvolume and price-sensitive applications.

High performance composites are high strength, high stiffness materials that feature lighter weight and better durability than aluminum and other metals. Historically, these composites have been confined to military uses and high-end sporting goods due to their much higher prices compared to conventional glassfiber composites and metals. However, better production processes, the development of lower-cost carbon fibers, and a greater focus on lighter-weight components have allowed advanced composites to attract more widespread attention.

Aerospace, wind turbine markets to see best growth

Aerospace markets will remain the leading outlet for high performance composites in 2016, and will be by far the fastest-growing market. While composites have long been used in military aircraft and helicopters, they are beginning to penetrate the commercial airliner segment on a large scale as well. In particular, the production ramp up of the Boeing 787 DREAMLINER, which has more than 50 percent composite content, will stimulate the bulk of gains in high performance composite demand. Rising production of other composite-intensive aircraft, such as the Airbus A380 and A350 XWB, will also benefit demand.

Outside of the aerospace applications, a strong area of growth for high performance composites is the burgeoning wind energy market. In wind energy, advances will be fueled by rising wind turbine installations as states seek to meet renewable energy generation standards, as well as increased use of carbon fiber composites. Much slower growth is expected for defense and safety applications -- due to reduction of combat forces in Iraq and Afghanistan -- and the highly mature sporting goods market. The motor vehicle market, which holds perhaps the greatest potential for high performance composites, will see only moderate gains in demand, as widescale, large-volume use of automotive composites will continue to be restrained by high cost and slow production speeds.

Carbon fiber composites to remain dominant

Among product types, carbon fiber composites will continue to account for the largest portion of demand, totaling 84 percent of the high performance market in 2016. Carbon fiber composites will benefit from robust growth in the aerospace market, as well as their versatility, good balance of mechanical properties, and moderate cost compared with other high performance composites. S-glass fiber composites -- the lowest-priced of all advanced composites -- will also see double-digit gains in demand, fueled by opportunities in aerospace, wind energy, and pressure vessel markets. More moderate gains are forecast for composites based on aramid and other fibers, restrained by the slower-growing defense and safety composites market.

Study coverage

This Freedonia industry study, “High Performance Composites”, presents historical demand data (2001, 2006, 2011) plus forecasts for 2016 and 2021 by fiber, market and resin. The study also considers market environment factors, assesses industry structure, evaluates company market share and profiles US industry competitors.

This study can help you:

  • Determine your market & sales potential
  • Learn more about industry competitors
  • Assess new products & technologies
  • Identify firms to merge with or acquire
  • Complement your research & planning
  • Gather data for presentations
  • Confirm your own internal data
  • Make better business decisions

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

  • General
  • Macroeconomic Overview
  • Consumer Income & Spending
  • Manufacturing Outlook
  • Fiber-Reinforced Plastics Outlook
  • Technology
    • Composites Overview
    • Composite Processing
  • Competitive Materials
  • Regulatory Issues
  • Recycling
  • Historical Market Trends
  • Pricing Trends
  • Foreign Trade
  • International Activity

III. FIBERS

  • General
  • Fiber Materials
  • Carbon Fiber
    • Materials
    • Producers
    • Composites
  • S-Glass
    • Materials
    • Producers
    • Composites
  • Aramid Fiber
    • Materials
    • Producers
    • Composites
  • Other Fibers
    • Materials
    • Producers
    • Composites

IV. MARKETS

  • General
  • Aerospace
    • Aerospace Industry Outlook
  • High Performance Composite Demand
    • Commercial Airliners
      • Military Aircraft
      • Other Aerospace
  • Industrial & Automotive
    • Industrial
    • Motor Vehicles
      • Motor Vehicle Industry Outlook
      • High Performance Composite Demand
    • Pressure Vessels
  • Defense & Safety
    • Government & Defense Spending Outlook
    • High Performance Composite Demand
  • Energy
    • Wind Energy
      • Wind Energy Industry Outlook
      • High Performance Composite Demand
    • Oil & Gas
      • Oil & Gas Drilling Outlook
      • High Performance Composite Demand
  • Consumer
    • Sporting Goods
      • Sporting Goods Industry Outlook
      • High Performance Composite Demand
    • Marine
      • Recreational Boating Industry Outlook
      • High Performance Composite Demand
  • Medical & Other
    • Medical Products Industry Outlook
    • High Performance Composite Demand
  • Construction & Other
    • Construction
      • Nonbuilding Construction Industry Overview
      • High Performance Composite Demand
  • All Other

V. RESINS

  • General
  • Epoxy
  • Thermoplastics
  • Polyester
  • Phenolics
  • Other

VI. INDUSTRY STRUCTURE

  • General
  • Market Share
  • Acquisitions & Divestitures
  • Marketing & Distribution
  • Research & Development
  • Competitive Strategies
  • Cooperative Agreements

COMPANY PROFILES

  • Advanced Composites Group, see Umeco
  • AGY Holding Corporation
  • Albany International Corporation
  • Aldila Incorporated
  • Alliant Techsystems Incorporated
  • Argosy International Incorporated
  • Automated Dynamics
  • Barrday Corporation
  • Boeing Company
  • Cytec Industries Incorporated
  • DuPont (EI) de Nemours
  • Fiberforge Corporation
  • GKN plc
  • Grafil, see Mitsubishi Rayon
  • Hexcel Corporation
  • Honeywell International Incorporated
  • Huntsman Corporation
  • LCOA Composites Incorporated
  • Lincoln (JD), see Umeco
  • Mitsubishi Rayon Company Limited
  • Momentive Performance Materials Holdings LLC
  • Newport Adhesives and Composites, see Mitsubishi Rayon
  • OCV Reinforcements, see Owens Corning
  • Owens Corning
  • Park Electrochemical Corporation
  • Plasan Carbon Composites Incorporated
  • Polystrand Incorporated
  • Premix Incorporated
  • Royal DSM NV
  • Royal Ten Cate NV
  • SABIC Innovative Plastics, see Saudi Basic Industries
  • SAERTEX GmbH & Co. KG
  • Saudi Basic Industries Corporation
  • SGL Carbon SE
  • Spirit AeroSystems Holdings Incorporated
  • Teijin Limited
  • Toho Tenax, see Teijin
  • Toray Industries Incorporated
  • TPI Composites Incorporated
  • Triumph Group Incorporated
  • Umeco plc
  • Victrex plc
  • Vought Aircraft Industries, see Triumph Group
  • Zoltek Corporation

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

  • Summary Table

SECTION II -- MARKET ENVIRONMENT

  • Macroeconomic Indicators
  • Personal Consumption Expenditures
  • Manufacturers' Shipments
  • Fiber-Reinforced Plastics Demand
  • High Performance Composite Demand, 2001-2011
  • High Performance Composite Pricing
  • World High Performance Composite Demand by Region

SECTION III -- FIBERS

  • High Performance Composite Demand by Fiber
  • Fiber Demand in High Performance Composites
  • Carbon Fiber Demand in Composites by Size & Process
  • Carbon Fiber Production Capacity by Company, Year-End 2011
  • Carbon Fiber High Performance Composite Demand by Market
  • S-Glass Fiber Demand in High Performance Composites
  • S-Glass Fiber High Performance Composite Demand by Market
  • Aramid Fiber Demand in High Performance Composites
  • Aramid Fiber High Performance Composite Demand by Market
  • Other Fiber Demand in High Performance Composites
  • Other Fiber High Performance Composite Demand by Market

SECTION IV -- MARKETS

  • High Performance Composite Demand by Market
  • Aerospace Equipment Shipments
  • Aerospace Markets For High Performance Composites by Sector, Market, & Resin
  • Commercial Airliner High Performance Composite Demand by Manufacturer & Fiber
  • Military Aircraft High Performance Composite Demand by Segment & Fiber
  • Other Aerospace High Performance Composite Demand by Segment & Fiber
  • Industrial & Automotive Markets for High Performance
  • Composites by Segment, Fiber, & Resin
  • Industrial High Performance Composite Demand by Fiber
  • Motor Vehicle Indicators
  • Motor Vehicle High Performance Composite Demand by Fiber
  • Pressure Vessel High Performance Composite Demand by Fiber
  • Government & Defense Expenditures
  • Defense & Safety Markets for High Performance Composites by Segment, Fiber, & Resin
  • Energy Markets for High Performance Composites by Segment, Fiber, & Resin
  • Wind Energy Indicators
  • Wind Energy High Performance Composite Demand by Fiber
  • Oil & Gas Drilling Indicators
  • Oil & Gas High Performance Composite Demand by Fiber
  • Consumer Markets for High Performance Composites by Segment, Fiber, & Resin
  • Sporting Goods Shipments
  • Sporting Goods High Performance Composite Demand by Fiber
  • Recreational Boating Shipments
  • Marine High Performance Composite Demand by Fiber
  • Medical Products & Equipment Demand
  • Medical & Other Consumer High Performance Composite Demand by Fiber
  • Construction & Other Markets for High Performance
  • Composites by Segment, Fiber, & Resin
  • Nonbuilding Construction Expenditures
  • Construction High Performance Composite Demand by Fiber
  • All Other High Performance Composite Demand by Fiber

SECTION V -- RESINS

  • High Performance Composite Demand by Resin
  • Epoxy High Performance Composite Demand by Market
  • Thermoplastic High Performance Composite Demand by Market
  • Polyester High Performance Composite Demand by Market
  • Phenolic Resin High Performance Composite Demand by Market
  • Other Resin High Performance Composite Demand by Market

SECTION VI -- INDUSTRY STRUCTURE

  • US High Performance Composite Industry Sales by Company, 2011
  • Selected Acquisitions & Divestitures
  • Selected Cooperative Agreements
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